47 Durham Bay – Property Summary

Key Characteristics & Buyer Profile

This 1960-built home sits on a notably large lot. The living area of 1,120 sqft is close to average for its street and neighbourhood, but the lot itself stands out: at 6,822 sqft, it ranks in the top 18% citywide and top 14% within Windsor Park. The home’s year of construction is above average for its street, suggesting it’s among the earlier builds there. Its assessed value ($359,000) is slightly below the street average but aligned with the neighbourhood and city medians—neither overpriced nor a bargain in that metric.

The property’s main appeal is the land. In a neighbourhood where the average lot is just over 6,000 sqft, this one offers more space without being oversized. Windsor Park is a well-established area, and a 6,800+ sqft lot there is meaningful for gardening, yard use, or future development considerations. The home itself is functional and typical of its era, meaning a buyer should expect updates but not a full gut. This suits someone looking for a solid starter or long-term hold in a mature neighbourhood, especially if they value outdoor space over a newly renovated interior. It’s less suited for someone seeking move-in-ready luxury or a top-tier assessed property.

Five Possible FAQs

1. How does this lot compare to others in the area?
It’s significantly larger than the neighbourhood norm. Windsor Park’s average lot is 6,030 sqft, and this one is 6,822 sqft—ranking in the top 14% locally and top 18% citywide. On its own street, it’s still above average but more in line with neighbours (street average is 6,965 sqft).

2. Is the assessed value of $359,000 a fair price?
It’s slightly below the street average ($372,500) but essentially at the neighbourhood median ($354,200) and below the citywide average for comparable homes ($390,100). The assessment indicates it’s not overvalued relative to its immediate area, though the large lot could give it more upside potential than the assessment alone suggests.

3. What condition is the 1960 build likely in?
As a 1960 home, expect original or older mechanicals (furnace, roof, windows) unless noted otherwise. The year-built rank on its street (top 13%) means it’s one of the newer homes on Durham Bay, but “newer” here is relative—most neighbours are from 1960 as well. A home inspection will clarify what’s been updated.

4. How does the living space compare to similar homes?
At 1,120 sqft, it’s just below the street average (1,182 sqft) and slightly above the neighbourhood average (1,091 sqft). It falls in the middle of the pack for its street—neither cramped nor spacious by local standards. If you need more interior room, you’d likely need to look at renovated homes or ones with finished basements.

5. What kind of buyer would Windsor Park suit?
This is a family-oriented, post-war neighbourhood with mature trees and reasonable lot sizes. It appeals to buyers who want a quieter setting with decent proximity to amenities, but aren’t looking for a trendy or walkable core neighbourhood. The large lot here is a standout feature for anyone who prioritizes outdoor use over a short commute.